The Delhi based startup plans to use the fresh funds to expand its product offerings and also ramp up the distribution channels over the next 18 months.

Affordplan works closely with around 300 hospitals across the country and offers affordable savings products to consumers having already served around one lakh patients. Patients who need to undergo planned medical procedures and surgeries can save up through the Affordplan platform through monthly weekly or daily payments. Over a period of time the total amount saved can be used for the procedure.

Explaining the product offerings Tejbir Singh, the cofounder of Affordplan said that this kind of savings product is ideal for patients set to undergo a non emergency planned procedure like pregnancy, eye operations, dental care, plastic surgeries, orthopedic and many more.

Further with the company being in partnership with hospitals and diagnostic centres they can facilitate a 15 to 20% discount on the total expenses as well. The CloudNine Group, Strand Life Sciences, and Millennium Cancer Centers are among a list of institutions that work with AffordPlan

“We have positioned AffordPlan at the intersection of finance, healthcare and technology to bring financial innovation to healthcare. We are well on our way to create the largest distribution network for financial services in healthcare in India,” said Singh.

The company is also planning to launch new savings, lending and insurance products to cover medical and healthcare expenses and is looking to hire more than 200 employees across India by the end of 2018.

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